How many years do you have to wait from today

Assignment Help Finance Basics
Reference no: EM131751123

You expect to receive a payout from a trust fund in 2 years. The payout will be for $11,600. You plan to invest the money at an annual rate of 6.7 percent until the account is worth $19,900. How many years do you have to wait from today?

Reference no: EM131751123

Questions Cloud

Measuring the shine of a wood floor : Manufacturing and Product Development The Wood Flooring Manufacturers Association claims a new product restores a high-gloss finish to old wood floors.
What is the stock price : Stoneheart Group is expected to pay a dividend of $3.21 next year. The company's dividend growth rate is expected to be 3.7 percent indefinitely and investors
Explain the decision-making process management uses : Explain the decision-making process management uses to develop viable courses of action to a variety of management situations.
Discuss possible double taxation when the corporation sells : Which of the following legal entities gives the taxpayer the choice to be taxed either as a sole proprietorship, partnership
How many years do you have to wait from today : You plan to invest the money at an annual rate of 6.7 percent until the account is worth $19,900. How many years do you have to wait from today?
Discuss about arizona state procurement specifications : Manufacturing and Product Development Arizona state procurement specifications for instant-dry highway paint indicate that the paint must dry in less than 60.
What is the futures price for gold for a six-month contract : (a) The spot price for gold is $650. The risk-free interest rate is 5%. What is the futures price for gold for a six-month contract?
Describe ways in which richard branson is likely to motivate : Describe two key ways in which Richard Branson is likely to motivate employees in order to achieve his goals for the Virginia Group.
How much more are mo payments worth : If the interest rate is 6.3 percent, how much more are Mo's payments worth?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd